Suppose that the financial ratios of a potential borrowing firm took the following values: X1...
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Suppose that the financial ratios of a potential borrowing firm took the following values: X1 = Net working capital/Total assets = 0.10, X2 = Retained earnings/Total assets = 0.20, X3 = Earnings before interest and taxes/Total assets = 0.24, X4 = Market value of equity/Book value of long-term debt = 0.60, X5 = Sales/Total assets ratio = 0.9. Calculate the Altmans Z-score for this firm. (Do not round intermediate calculations. Round your answer to 3 decimal places. (e.g., 32.161))
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